At 11:47 AM; Ponni Sugars (Erode) traded 7.5 per cent higher at Rs 462.65, as against 0.45 per cent decline in the S&P BSE Sensex
The company was awarded projects worth Rs 754.60 crore from the Madhya Pradesh PoorvKshetra Vidyut Vitaran company for supply, installation, testing and commissioning of new 11 KV lines in Balaghat.
Post tepid listing, KFIN stock price slipped to a low of Rs 355 as against the issue price of Rs 366 per share.
17,43,44,710 equity shares of Rs 10 each of Shriram Finance were listed and permitted for trade on the exchange with effect from Thursday, December 29, 2022.
So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices
Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.
CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each
With today's decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022
The company's revenue has grown 67% to Rs 676 crore YoY in H1FY23 supported by its strong position in the export market
At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50
Shalvis Specialities has received environmental clearance for setting up manufacturing plant of agrochemicals & intermediates, API ingredients & intermediates and fine chemicals manufacturing unit.
The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.
Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.
CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.
In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period
The order is for supply of CNG cascades made from Type-IV composite cylinder. The delivery of these cascades shall begin from January 2023.
Going forward, as facilities ramp up production, additional revenue is expected is likely to flow from wide plate mill as well as the Rohtak plant, thereby providing healthy revenue visibility.
The plant would be made in two phases, spending Rs 1,000 crore in Phase 1 over the next 3 years which would cater to 10-12 GWH of cell manufacturing capacity.
Stocks to Watch: In the F&O space, Punjab National Bank (PNB) is the only stock in ban period on Tuesday.
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.